Lenzing AG

Earnings Release • Mar 7, 2001

News Details

Ad-hoc | 7 March 2001 08:14

Ad hoc-Service: Lenzing AG Prelim.Results 200

Ad hoc-announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— PRELIMINARY RESULTS OF THE LENZING GROUP 2000 – THE RECORD YEAR The Lenzing Group experienced an excellent development in the year 2000. Earnings before taxes and minority interest (EBT) went up from EUR 4 mill. for the previous year to EUR 65 mill., which is the best result obtained by the company in the course of its existence. For the EBITDA, a plus of 75% was achieved; it amounts to EUR 107 mill., which is an excellent development. Consolidated sales rose from EUR 550 mill. to EUR 664 mill. (+21%). The equity ratio is now 37% (previously: 32%). The outlook is very positive. From today’s perspective, the Lenzing Group is expecting another good business year for 2001. Preliminary Results 2000 of the Lenzing Group according to US GAAP, on a Group basis, in EUR mill. (1999): Sales: 664 (550) Earnings before taxes and minority interest (EBT): 65 (4) EBIT: 67 (9) EBITDA: 107 (61) ROCE in %: 15 (1) Equity ratio in %: 37 (32) Net gearing in %: 44 (50) End of Message